Share this article

Hyperledger Adds 'Indy' and 'Composer' Blockchain Projects

The Linux Foundation-backed Hyperledger blockchain project got a little bit bigger this week.

Updated Sep 11, 2021, 1:17 p.m. Published May 3, 2017, 5:15 p.m.
Piece

The Linux Foundation-backed Hyperledger blockchain project got a little bit bigger this week.

Yesterday, the group’s blog showcased Project Indy, which is focused on digital identity tools for blockchain ecosystems. Indy is being spearheaded by a group called the Sovrin Foundation, founded last year to provide solutions for decentralized identity.

STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters

According to the group’s chair, Phil Windley, the goal is to draw in additional developers to the cause by way of the Hyperledger community.

"Our hope is to attract even more developers who want to unleash the transformative power of digital identity that is truly decentralized, self-sovereign, and independent of any silo," he wrote.

But Indy isn’t the only project to join Hyperledger's ranks.

Composer

, unveiled earlier today, is aimed at developing "business networks" on top of Hyperledger-tied systems such as Fabric, Iroha or Sawtooth Lake. The project was developed by a team drawn from IBM and blockchain startup Oxchain.

Like the group behind Indy, those backing Composer are hoping to tap the development community around Hyperledger for further iteration.

"By working with the community, we would like to continue to develop Composer to be a powerful and complete development framework that allows users to easily and rapidly build blockchain business networks," the team said.

Image via Shutterstock

More For You

Protocol Research: GoPlus Security

GP Basic Image

What to know:

  • As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
  • GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
  • Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.

More For You

Bitcoin Rebounds to $93K From Post-Fed Lows, but Altcoins Remain Under Pressure

Bitcoin (BTC) price (CoinDesk)

Downward pressure on bitcoin is losing steam, with the market stabilizing but not yet out of the woods, said one analyst.

What to know:

  • Bitcoin rebounded from a sharp early selloff on Thursday to trade above $93,000 shortly after the close of U.S. stocks.
  • The late-day gain in bitcoin came alongside a rebound in the Nasdaq from big morning losses; the tech index closed with just a 0.25% loss.
  • Downward pressure on bitcoin is losing steam, said one analyst, but the market is not yet out of the woods.